Study suggests incentives to build skilled manpower
Hyderabad: A Perspective study by the National Association of Software and Services Companies (Nasscom) and consultant KPMG observes that the issue of skilled manpower resources is assuming critical importance as segments within the Indian ICT domain expand at rapid speed. According to the report if the pool of expertise available for these markets does not grow and keep pace with the industry, the country may face a manpower crunch as it goes forward.

The report says that despite global economic challenges and adverse conditions, exports increased by over 25 per cent in 2002-03 to touch $ 12 billion. Looking ahead, the country's value proposition and overall shift towards offshore services will enable the country's revenues to grow at a compounded annual growth rate (2003-2012) of 35 per cent, touching $148 billion by 2012.
While IT export services are expected to account for revenues of around $ 55 billion by 2012, at a CAGR of 25 per cent, ITES services will expand to $ 64 billion by 2012, at a CAGR of 44 per cent.

The total manpower needed by the IT/IT enabled services segments will be around 4-6 million by 2012 wherein the IT services industry alone could employ around 0.97 million professionals , up from 0.2 million in 2003. The study suggests that the current manpower resources will not be sufficient to meet growth targets, even in the medium-term. Current graduate output and employment preference trends suggest that in the absence of any corrective interventions, there could be a large shortfall in manpower required for IT services and ITES-BPO markets.
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India working towards synergy in biotechnology
Hyderabad: The Department of Biotechnology is developing a programme using the Param computer for developing new modules of proteomics (proteomes are the proteins that genes help to make) and genomics studies, including computational biology.
Speaking at the 12th S.S. Bhatnagar Memorial Lecture at the Indian Institute of Chemical Technology here recently, Dr Manju Sharma, Advisor to Union Minister for Science and Technology, said the department was joining hands with information technology companies in this regard.

She was speaking on the topic `Towards a sustainable biofuture - a synergy between interdisciplinary research, entrepreneurship and commercialisation in biotechnology.' She said that the interaction and synergy between cell biology studies and information technology helped scientists generate a lot more data than what was possible in the last century.
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IICT takes up 90 new assignments, files 62 patents
Hyderabad: The Indian Institute of Chemical Technology (IICT) took up 90 new assignments and filed for 62 patents, including 44 overseas patents, during the financial year 2003-04. The institute was granted 67 patents, which included 35 Indian and 29 US patents during the period.
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